State Street Global Advisors Announces Impact of Receiving Payment
October 09 2019 - 6:38PM
Business Wire
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced that the
SPDR® Exchange Traded Fund (ETF) listed in the table below received
a payment as an authorized claimant from a class action settlement
related to Juno Therapeutics, Inc.* securities litigation.
The total payment to be received by the Fund is listed below.
When the Fund calculates its net asset value (“NAV”) per share on
Thursday, October 10, 2019, it is estimated that the Fund’s NAV
will be impacted by the amount stated below based on shares
outstanding as of October 8, 2019.
Fund
Payment Amount
Shares Outstanding as
of
October 8, 2019
Per Share Impact
SPDR S&P Biotech ETF (XBI)
$2,451,558
46,250,000
$0.0530
* On January 22, 2018, Juno Therapeutics, Inc. (NASDAQ:JUNO) was
acquired by Celgene Corporation (NASDAQ:CELG)
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSGA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Corporation. The funds
provide investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as
an industry pioneer, State Street created the first US listed ETF
in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the
forefront of responsible innovation, as evidenced by the
introduction of many ground-breaking products, including
first-to-market launches with gold, international real estate,
international fixed income, and sector ETFs. For more information,
visit www.spdrs.com.
About State Street Global Advisors
For four decades, State Street
Global Advisors has served the world’s governments, institutions
and financial advisors. With a rigorous, risk-aware approach built
on research, analysis and market-tested experience, we build from a
breadth of active and index strategies to create cost-effective
solutions. As stewards, we help portfolio companies see that what
is fair for people and sustainable for the planet can deliver
long-term performance. And, as pioneers in index, ETF, and ESG
investing, we are always inventing new ways to invest. As a result,
we have become the world’s third largest asset manager with nearly
US $2.90 trillion* under our care.
*This figure is presented as
of June 30, 2019 and includes approximately $36 billion of assets
with respect to SPDR products for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) acts solely as the
marketing agent. SSGA FD and State Street Global Advisors are
affiliated.
Important Risk Information:
All ETFs are subject to risk, including possible loss of
principal.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Although ETFs may be bought and sold on
the exchange through any brokerage account, ETFs are not
individually redeemable from the Fund. Investors may acquire ETFs
and tender them for redemption through the Fund in Creation Unit
Aggregations only.
XBI is offered to US Investors only and distributed by State
Street Global Advisors Funds Distributors LLC member FINRA
SIPC.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it carefully.
Not FDIC Insured • No Bank Guarantee • May Lose Value
Intellectual Property Information: Standard &
Poor's®, S&P® and SPDR® are registered trademarks of Standard
& Poor’s Financial Services LLC (S&P); Dow Jones is a
registered trademark of Dow Jones Trademark Holdings LLC (Dow
Jones); and these trademarks have been licensed for use by S&P
Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes
by State Street Corporation. State Street Corporation’s financial
products are not sponsored, endorsed, sold or promoted by SPDJI,
Dow Jones, S&P, their respective affiliates and third party
licensors and none of such parties make any representation
regarding the advisability of investing in such product(s) nor do
they have any liability in relation thereto, including for any
errors, omissions, or interruptions of any index.
State Street Global Advisors, One Iron Street, Boston, MA
02110
© 2019 State Street Corporation - All Rights Reserved
Expiration Date: 10/31/2020
2768384.1.1.AM.RTL
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Olivia Offner +1 617-662-0198 ooffner@statestreet.com
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